Woodbine Reduces Takeout on Trifecta Wager (Yes, to 25%)

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ValueCappers, Handicappers, Horseplayers, pay attention. The take on trifectas at Woodbine has been lowered TO 25%. The headline sound's great, a reduction in takeout. And then you look at the numbers. You MUST get value when playing trifectas:

From bloodhorse: Woodbine Entertainment Group announced that the takeout on its triactor (trifecta) wager by 2% for the upcoming live Thoroughbred meet that begins April 2 at the Toronto, Canada track.

The “tri,” a bet in which fans are asked to pick the top three finishers in a race, is one of the more popular wagers at the track. It will now feature a takeout, which is the amount of money kept by the track before the winning bettors are paid off, of 25%.

The takeout reduction is the second in less than two years. The rate was at 28.3%, before a cut in 2009 dropped the mark to 27%. The 25% takeout includes 5.3% in provincial and federal taxes and levies. 

Read more: http://www.bloodhorse.com/horse-racing/articles/62152/woodbine-reduces-takeout-on-trifecta-wager#ixzz1INhgYMd1

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

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